BANKING & FINANCE IBC Resolution Facilitates Creditors Recover Over ₹4 Lakh Cr In 10 Years

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has completed 10 years, marking a significant milestone in India’s financial and legal reform journey. Over the past decade, the IBC has evolved into a key institutional mechanism for improving credit discipline, accelerating recovery processes and strengthening confidence in the country’s insolvency ecosystem. […]

CW Bureau · May 28, 2026

INFRASTRUCTURE Adani Power To Acquire JPVL 24% Stake, UP Thermal Plant For ₹4,194 Cr

Adani Power Ltd, part of the diversified Adani Group with interests across energy, infrastructure and logistics, has signed definitive agreements with Jaiprakash Associates Ltd (JAL) to acquire a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and a 180-MW thermal power plant in Uttar Pradesh for a total consideration of ₹4,193.59 crore. The acquisition is […]

CW Bureau · May 21, 2026

INFRASTRUCTURE Adani Ports & Logistics To Acquire Jaypee Fertilizers Firm For ₹1,500 Cr

Adani Ports and Logistics Ltd, a logistics and integrated transport infrastructure arm of the Adani Group, has entered into a Share Purchase Agreement with Jaiprakash Associates Ltd (JAL) to acquire 100% shareholding in Jaypee Fertilizers & Industries Ltd (JFIL) for a cash consideration of ₹1,500 crore. JFIL is the holding company of Kanpur Fertilizers and […]

CW Bureau · May 21, 2026

HOSPITALITY Oberoi Realty Consortium Completes Hotel Horizon Acquisition For ₹460 Cr

Oberoi Realty Ltd along with consortium partners Shree Naman Developers Pvt Ltd and JM Financial Properties and Holdings Ltd has acquired 49.99% shareholding in Hotel Horizon Pvt Ltd by investing ₹460 crore following the implementation of the Corporate Insolvency Resolution Plan approved by the Mumbai bench of the National Company Law Tribunal (NCLT). As part […]

CW Bureau · May 8, 2026

MANUFACTURING Ballarpur Industries Charts Revival Roadmap Under New Board

Ballarpur Industries Ltd (BILT), a leading manufacturer of writing and printing (W&P) paper and subsidiary of Finquest Financial group, is charting a revival strategy under its newly constituted board following the successful completion of its insolvency resolution process. BILT is undertaking a comprehensive review of its policies, processes and practices to align with its long-term […]

CW Bureau · Apr 16, 2026

MANUFACTURING Jindal Poly Films Drop Demerger Plan Citing Delays, Market Uncertainty

Jindal Poly Films Ltd (JFPL) has decided to voluntarily withdraw its application related to the demerger of non-woven fabrics business division into its subsidiary with Global Nonwovens Ltd in view of procedural and regulatory delays along with geopolitical uncertainties. Withdrawal limited to regulatory filing The company clarified that the withdrawal pertains only to the application […]

CW Bureau · Apr 10, 2026

HOSPITALITY Thomas Cook Board Clears Demerger Of Resorts Biz Into Sterling Holiday

The board of Thomas Cook (India) Ltd (TCIL) has given its in-principle approval for the demerger of its Resorts and Resort Management business into Sterling Holiday Resorts Ltd (SHRL), along with a subsequent capital restructuring of the former. The proposal is subject to final approval from the National Company Law Tribunal (NCLT). The demerger will […]

CW Bureau · Mar 21, 2026

MANUFACTURING JK Paper Composite Scheme Merged Takes Effect After NCLT Order Filing

JK Paper Ltd said that composite scheme of arrangement involving its wholly owned subsidiaries became effective from March 15, 2026, following the filing of a certified copy of National Company Law Tribunal (Ahmedabad bench) order with the Registrar of Companies. The merger is aimed at consolidating paper and packaging businesses and streamlining the corporate structure […]

CW Bureau · Mar 15, 2026

INFRASTRUCTURE Inoxgfl Group Wins NCLT Bid To Buys Wind World India’s 600 MW IPP

The Inoxgfl Group has emerged as the successful bidder for the acquisition of Wind World India’s Independent Power Producer (IPP) and Operations & Maintenance (O&M) businesses under a resolution process approved by the National Company Law Tribunal (NCLT). The acquisition will be executed through group companies — Inox Clean Energy Ltd’s subsidiary Inox Neo Energies […]

CW Bureau · Feb 19, 2026

INFRASTRUCTURE Jet Airways: From Poster Airline To Case Study In Corporate Collapse

Once synonymous with premium air travel in India, Jet Airways’ downfall stands out as one of the most significant corporate failures in the country’s aviation history. At its peak, the airline represented operational excellence, strong brand equity and global ambition. Yet, a lethal mix of financial overreach, structural weaknesses in India’s aviation sector and delayed […]

Sajan C Kumar · Feb 4, 2026